Life Insurance

Providing Piece of Mind

Life insurance is the perfect method to continue caring for your family after you're gone. It's one of the ways you can ensure they're protected. The Accel Group offers dozens of plans. Let us help you select the one that is just right for you.

Protective Life Insurance for You and Your Family

Your spouse and children are your world. What are you doing to safeguard them? Life insurance is one way to protect your family.

Why do I need life insurance?

Life policies act as a financial safety net to protect family members who have faced loss as the result of death. Life insurance helps lift the burden due to funeral expenses, medical bills, lost income, business investments, etc.

How can The Accel Group help?

Specialists from our life department will work with you to help you find the appropriate life insurance coverage to give you and your loved one's support and give you peace of mind.

Products We Offer:

Whole Life Insurance

Not all life insurance policies are the same. Whole life insurance is a great way to invest in your future; since it doesn’t expire throughout your lifetime, you don’t have to worry.

What is whole life insurance?

Whole life insurance provides permanent life insurance coverage for as long as you live and continue to make timely premium payments. Upon your death, the insurance payout is made to your designated beneficiaries.

Why do you recommend whole life coverage?

With level premiums and the accumulation of cash values, whole life insurance is the best choice for long-range goals. The guaranteed cash values can provide money later to help with temporary needs or emergencies. Whole life coverage acts as a forced savings account because the money you receive can be utilized to pay for other needs. This coverage makes it easy to save, so in the future, you have savings to depend on. The value from your savings could be used to cover estate tax for properties.

Term Life Insurance

Having term life insurance can be helpful during specific times in your life. For example, many couples wish to provide for their children until they turn 18. Term life coverage could be an excellent choice to insure your family.

Why is it called term life?

Term life insurance provides protection for a stated time or term. If you want to terminate your term life insurance policy, it can be completed before its expiration without losing the value you earned.

Why is term life a good choice for me?

Term life insurance could be considered the simplest form of life insurance. It was developed to provide temporary life insurance protection for relatively little cost. Term insurance can be purchased in large amounts for a relatively small initial premium. It is well suited for short-range goals, such as life insurance coverage to pay off a loan or providing extra life insurance protection during your child-raising years. It is a useful type of insurance for people who expect to build their wealth over time and will need to change their policy in the future.

Key Man Insurance

Employees are the lifeblood of your business. You invest in your workforce through recruitment, training, and retention. What would happen if any of your critical team members were injured? Are you prepared to work without them?

What is key man insurance?

Key man – or key person – life insurance is a policy businesses will take out on one or more members to compensate the business for financial losses that arise from death or incapacity of the covered members. The person could be the owner of a business or a key employee.

Who should consider this coverage?

It is often used for business succession planning purposes. Experts in our commercial lines department can help you determine the appropriate amount of coverage for your circumstances. To decide the coverage needed for each employee, you should keep in mind the employee’s compensation, the cost to replace the employee, and what contributions the employee brings to your company.

Mortgage Life Insurance

Your home is your shelter, so shouldn’t you take every precaution to protect your home and everything in it? Would your family be able to afford the mortgage payments after your death? With mortgage life insurance, your family could afford their home and its upkeep.

How does mortgage life insurance work?

Mortgage life insurance is a type of term life insurance paid by borrowers. The amount of coverage decreases as the principal balance declines. In the event that the borrower dies while the policy is in force, any debt is automatically satisfied by insurance proceeds.

What are the benefits of mortgage life insurance?

In case an unexpected accident occurs and results in the disability or death of the mortgagor, the family can still afford to live in their home if they have mortgage life insurance. To know if there is a better option for your family, ask an agent about a term life policy, so you can be assured your family and home receive the best insurance.

Who can purchase this type of coverage?

An owner of property, who has taken out a mortgage on the property, can purchase mortgage life insurance. Mortgage life insurance pays off the mortgage upon the death of the mortgagor or owner.